Blogs Posts on "Recourse Mortgages"

AEI Credit Crunch II: Complete Annotated Transcript by Housing Doom on Nov 15, 20091:27:42 No, might go wrong. - Allan Meltzer Doom Transcripts: Index & Guide Almost 19 months later, Doomers may enjoy putting some of these opinions up against what actually took place. Housing Doom is pleased to present a complete unauthorized...

The Cost Of Not Walking Away From An Underwater Mortgage by Housing Doom on Nov 5, 2009  In the ongoing debate about whether one should walk away from an underwater mortgage or not, one University of Arizona professor speaks out strongly in favor of taking a hike. According to Brent T. White, an associate professor of law at the U...

Why We’re Walking Away by Housing Doom on Oct 26, 2009I posted yesterday on the Wall Street Journal article Report Sheds Light on Why Homeowners Walk Away.  A couple of commenters on the WSJ article said why they were walking away from their mortgage, and I thought their comments were interesting e...

WSJ Reveals The Obvious- Borrowers More Likely To Walk In Non-Recourse States by Housing Doom on Oct 25, 2009  How’s this for shocking news?  The Wall Street Journal has discovered that underwater borrowers are more likely to walk in non-recourse states: [Thanks L!] A new study shows that mortgage defaults are higher in states where banks c...

HB2008: Arizona May Have Backed Off Recourse Mortgages by Housing Doom on Sep 5, 2009Five months ago, we published an article on Arizona’s anti-deficiency statute to explain our state’s law on the potential liability a homeowner may face if their home is sold for less than they owe. … As quickly as it passed, Senato...